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)Describe the advantages and disadvantages of sole proprietorship as a business form.
Labour Relations
The study and practice of managing relationships between employers and employees, focusing on negotiation, collective bargaining, and workplace rights.
Net Benefit
The total positive effects or gains of a project or action, after subtracting the costs or negative aspects.
Benefit-Cost Ratio
A financial metric used to evaluate the efficiency of an investment, comparing the benefits received to the costs incurred.
Return On Investment
A financial ratio intended to measure the benefit obtained from an investment relative to its cost.
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